Inflation of 1.6 percent in January 2007 has led to consumer prices in February upturn 1.9 percent year-on-year and 0.3 percent compared to same month 2006, as per data from Central Statistical Office (GUS).
There was hardly any change in price growth rates during first two months this year, hence inflation remained low. Net core inflation dropped from 1.6 percent in December 2006 to 1.5 percent in January, it surged to 1.6 percent last month.
These statistics are not indicative of any changes in either inflation prospects or the economy. Consumer Price Index is anticipated to reach 2.2 percent in March, then remain steady at two percent and finally swing up to 2.5 percent by 2007-end.
Interest rates are supposed to remain stable this year, but they could be hiked if unit labour cost shoots up.
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